U.S. stock indexes ended higher on Tuesday after quarterly earnings from major banks bolstered bank stocks. The Dow Jones Industrial Average advanced 366 points, or 1.1%, to end at 34,951, its highest closing level in 15 months:
U.S. stock indexes ended higher on Tuesday with the Dow Jones Industrial Average settling at the highest level in 15 months after quarterly results from Bank of America Corp. BAC, +4.42% and Morgan Stanley MS, +6.45% bolstered bank stocks, while shares of Microsoft Corp.
spiked to its record high, buoying the technology sector. The Dow industrials DJIA, +1.06% advanced 366 points, or 1.1%, to end at 34,951, its highest closing level since April 21, 2022. The S&P 500 SPX, +0.71% was up 0.7%, while the Nasdaq Composite COMP, +0.76% jumped 0.8%. Bank of America Corp.’s second-quarter earnings beat Wall Street expectations, sending the megabank’s stock up by more than 4.4% on Tuesday, while Morgan Stanley’s shares rallied 6.
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